Daily limit: 0/10
Timothy Salm & Richard Parrillo Sell Chicago Mansion Under Contract For $23.5M
SOLD
$23,500,000
Illinois
See Similar DealsSingle Family25,000 SF
Sold 07/12/2024
SOLD
Timothy Salm & Richard Parrillo Sell Chicago Mansion Under Contract For $23.5M
1932 North Burling Street
See Similar DealsSingle Family25,000 SF
Sold 07/12/2024
Summary
ILLINOIS
Asset Type:Single Family
Price Per Square Foot:$940
Total Square Footage:25,000 SF
Transaction Type:Sale
The property at 1932 North Burling Street in Chicago has been put under contract. This single-family home sits on 0.6 acres, with a square footage of 25,000 and a price of $23,500,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,500,000
- City: Chicago
- Size: 0.6 acres
- Seller: Michaela Parrillo; Richard Parrillo - United Automobile Insurance Company
- Broker: Timothy Salm - Jameson Sotheby's International Realty
The home, listed as Chicago's most expensive home at $50M, has undergone multiple price cuts over its eight-year listing period. As it stands under contract at $23.5M, the deal could result in a significant loss for the owners.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,253,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,401.99
Annual Debt Service$1,336,823.87
Is there something missing? Send suggestions